- Deputies propose to reduce VAT for essential goods. A group of deputies has prepared a draft amendment to the Tax Code, suggesting a reduction in the VAT rate on essential goods from 10% to 5%. For goods with high inflation, if the inflation rate for a group of essential goods exceeds the overall inflation rate, the VAT rate for that group will be 0% the following year. The reduced 5% VAT rate will apply to certain food products, clothing, footwear, children’s goods, school supplies, periodicals, educational and cultural books, and medicines.
Source: garant.ru
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